Central Puerto Sa · BCBA:CEPU
Central Puerto Sa — Q4 2020 Earnings Presentation
13 slides from Central Puerto Sa's earnings presentation, Mar 16, 2021
Slide 1: 4Q 2020 Results Call
4Q 2020 Results Call March 16, 2021
Slide 2: Disclaimer
Disclaimer Additional information about Central Puerto can be found in the Investor Support section on the website at www.centralpuerto.com. This presentation does not contain all the Company’s financial information. As a result, investors should read this presentation in conjunction with Central Pu
Slide 3: Agenda
4Q 2020 Results Call Agenda ◼ Highlights and news ◼ Key Performance Indicators ◼ 2020 and 4Q 2020 Financials ◼ Q&A 2
Slide 4: 4Q 2020 Highlights
4Q 2020 Highlights Effects of the Covid-19 and the Quarantine measures Demand fluctuation due to the Quarentine GWh GWh 13.000 1.024 1.200 12.000 1.000 Electric energy 11.000 800 demand was 10.000 600 2.2% lower 9.000 295 400 8.000 136 132 180 142 during the 200 7.000 4Q2020 as -173 - 6.000 -367 -20
Slide 5: Projects under construction
Projects under construction La Genoveva I wind farm reached COD during November 2020, and Terminal 6 obtained partial commissioning of its gas turbine (open cycle) La Genoveva I wind farm Power capacity: 88.2 MW (21 windmills) 20 years PPA, RenovAr Regulatory Framework Previous Partial commissioning
Slide 6: Key performance indicators – 4Q2020
Key performance indicators – 4Q2020 Energy generation and availability 4Q2020 Energy generation (GWh) (7%) (159) (281) 157 4,101 3,818 4Q2019 Generation Thermal units Hydro generation Renewable energy 4Q2020 Generation Decline due to Central Lower water New wind farms increased 65% (Q/Q) the Puerto´
Slide 7: Key performance indicators – FY2020
Key performance indicators – FY2020 Energy generation and availability FY2020 Energy generation (GWh) (3%) (627) (485) 598 14,845 14,331 2019 Generation Thermal units Hydro generation Renewable energy 2020 Generation Unavailability of Lujan de Lower water New wind farms increased 82% (Y/Y) the Cuyo´
Slide 8: Revenues without considering fuel remuneration decreased due to minor electricity generation and prices
Revenues without considering fuel remuneration decreased due to minor electricity generation and prices 4Q 2020 Revenues (in millions of Ps.) (4,565) 510 (60) 22 (2,125) 15,499 10,934 9,281 4Q2019 Revenues ∆ Fuel 4Q2019 Revenues ∆ Energía Base ∆ Sales under ∆ Steam sales ∆ Other income 4Q2020 Revenu
Slide 9: Adj. EBITDA: Lower revenues but positive adjustment of cost and other results
Adj. EBITDA: Lower revenues but positive adjustment of cost and other results 4Q 2020 Adj. EBITDA (in millions of Ps.) (369) 3,599 (6,217) 283 5,587 3,913 6,795 4Q2019 Adj. ∆ Revenues ∆ Cost of sales ∆ Adm. and selling ∆ Other results, Depreciations and 4Q2020 Adj. EBITDA expenses net amortizations
Slide 10: Consolidated net income: Ps. 580 million or 3.68 per ADR
Consolidated net income: Ps. 580 million or 3.68 per ADR 4Q2020 Consolidated Net Income (in millions of Ps.) 73 393 1,577 (2,854) (237) (181) 1,811 580 4Q2019 ∆ Operative Results ∆ Results on net ∆ Finance Income ∆ Finance ∆ Share of Profit of ∆ Income tax 4Q2020 Consolidated Net monetary position E
Slide 11: Cash Flow bridge
Cash Flow bridge Cash Flow (in million Ps.) 19,294 (17,288) (3,683) 277 (354) 279 2,034 Cash at the Operation CAPEX and Financing Exchange Loss on net Cash at the end of begining of 2020 financial assets activities difference and monetary period other financial possition Operations results ▲ Operati
Slide 12: 2020 Key financial figures
2020 Key financial figures Net income of 2020 per ADR was Ps. 45.79 Revenues (million Ps.) ▲ Addition of new thermal and renewable energy plants (22)% ▼ Income from self-supplied fuel (Res. 70/18) ▼ Lower remuneration Res. 31/2020 and monthly 48.957 38.108 price adjustment´s suspension 2019 2020 ▼ D
Slide 13: Many thanks for your attention!
Q&A Many thanks for your attention! 12